Horace Mann Completes BCG Acquisition

January 8, 2019 by
Allison Bell

Horace Mann Educators Corp. has completed a previously announced acquisition of Benefit Consultants Group (BCG), a retirement plan provider.

Horace Mann — a Springfield, Illinois-based company that sells life insurance, group annuities and other products to teachers and other school employees — said BCG will stay in its offices in Cherry Hill, New Jersey, with the same name and the same managers.

Horace Mann is still in the process of acquiring another company, National Teachers Associates Life Insurance Company (NTA) of Dallas.

NTA is a Dallas-based company that issues cancer insurance, insurance against heart conditions, and other supplemental insurance products. It also sells life insurance and disability income insurance.